20 Wall Street drops at open on Spain, Greece - IBTimes UK

Wall Street drops at open on Spain, Greece

July 23, 2012 2:42 PM GMT

Stocks dropped at the open on Monday as Spain appeared closer to needing a sovereign bailout and fears grew that Greece may be approaching an exit from the euro zone.

The Dow Jones industrial average <.DJI> dropped 149.47 points, or 1.17 percent, to 12,673.10. The Standard & Poor's 500 Index <.SPX> lost 17.25 points, or 1.27 percent, to 1,345.41. The Nasdaq Composite Index <.IXIC> fell 60.32 points, or 2.06 percent, to 2,864.98.

(Reporting by Chuck Mikolajczak, editing by Dave Zimmerman)

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